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The management of Sobus Corporation is considering a project that would require an initial investment of $458,000 and would last for 9 years. The annual
The management of Sobus Corporation is considering a project that would require an initial investment of $458,000 and would last for 9 years. The annual net operating income from the project would be $58,000, including depreciation of $48,000. At the end of the project, the scrap value of the projects assets would be $26,000.
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Determine the payback period of the project.
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